AIIB set to invest $100M in India
The Beijing-based Asian Infrastructure Investment Bank (AIIB) announced on Monday an equity investment of $100 million in India’s National Investment & Infrastructure Fund (NIIF) to help development projects in the country.
The amount will be for the phase one of NIIF’s Fund of Fund initial closing and the AIIB is considering another $100 million in phase two for the final closing, bringing the total commitment to $200 million, an official announcement said here.